FTAI Aviation initiated with a Buy at Jefferies

Jefferies initiated coverage of FTAI Aviation with a Buy rating and $120 price target. FTAI’s full-suite aftermarket offering is poised to capture late-life shop visits that result from original equipment maker delays and retirement pushouts, the analyst tells investors. The FTAI value proposition is a quicker, low-cost alternative to airline maintenance, says the analyst, who notes that the firm’s EBITDA estimate in 2026 of $1.1B is 10% ahead of consensus.